AUDUSD correction end at trendline

FX:AUDUSD   Australian Dollar / U.S. Dollar
with my elliot wave and price action analysis, i found that the price of wave 4 was completed at the uppper channel trendline .

the price seems to fail to find its higher high.the only wave 5 from the downward impuls is to seek its completion.

the channel trend rejection from the wave 4 correction end make my view clear that the price will find it wave 5 completion.

by looking at the daily candle, there are tweezer top formation formed at the top trendline . this indicate that the trend reversal. yet the candlestick formation was formed near the upper channel trendline .that make my decision of view clear.

find the entry on the resitance area of 0.7170. while target profit can be set to the support area of 0.7020.

good luck!!

this idea was published for the purpose of study only. all the risk taking are at your own responsibility.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out